First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) Shares Sold by Platform Technology Partners

Platform Technology Partners cut its holdings in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 3.4% in the third quarter, Holdings Channel reports. The institutional investor owned 86,789 shares of the company’s stock after selling 3,026 shares during the quarter. Platform Technology Partners’ holdings in First Trust Institutional Preferred Securities and Income ETF were worth $1,655,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in FPEI. Envestnet Portfolio Solutions Inc. increased its position in shares of First Trust Institutional Preferred Securities and Income ETF by 81.0% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 27,435 shares of the company’s stock valued at $500,000 after buying an additional 12,277 shares in the last quarter. Concurrent Investment Advisors LLC increased its position in shares of First Trust Institutional Preferred Securities and Income ETF by 69.7% in the first quarter. Concurrent Investment Advisors LLC now owns 28,943 shares of the company’s stock valued at $527,000 after buying an additional 11,885 shares in the last quarter. US Bancorp DE purchased a new stake in shares of First Trust Institutional Preferred Securities and Income ETF in the first quarter valued at approximately $399,000. Kingsview Wealth Management LLC increased its position in shares of First Trust Institutional Preferred Securities and Income ETF by 9.1% in the first quarter. Kingsview Wealth Management LLC now owns 200,417 shares of the company’s stock valued at $3,652,000 after buying an additional 16,666 shares in the last quarter. Finally, Osaic Holdings Inc. increased its position in shares of First Trust Institutional Preferred Securities and Income ETF by 28.3% in the first quarter. Osaic Holdings Inc. now owns 611,561 shares of the company’s stock valued at $11,141,000 after buying an additional 134,933 shares in the last quarter.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

First Trust Institutional Preferred Securities and Income ETF stock opened at $18.87 on Tuesday. First Trust Institutional Preferred Securities and Income ETF has a 12 month low of $16.90 and a 12 month high of $19.11. The business has a 50 day simple moving average of $18.92 and a 200-day simple moving average of $18.59.

First Trust Institutional Preferred Securities and Income ETF Company Profile

The First Trust Institutional Preferred Securities and Income ETF (FPEI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed to provide current income and total return by investing in global institutional preferred and income-producing debt securities.